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Newswise — ITHACA, N.Y. – When a team goes on a multi-game winning streak, it has nothing to do with momentum, according to a new study in the journal Economics Letters. By examining varsity college hockey teams winning and losing record, Cornell University researchers discovered that that momentum advantages don’t exist.

“Whether it’s sports commentators or stock analysts who are talking, momentum is routinely assumed to be important on a day-to-day basis,” said Kevin M. Kniffin, a postdoctoral research associate at Cornell’s Dyson School of Applied Economics and Management. “In our evidence, we see that momentum is really just illusory.”

Kniffin and Vince Mihalek, a four-year veteran of Cornell’s men’s ice hockey team, examined 916 games over a six-year period from the Western Collegiate Hockey Association (NCAA, Division 1). Teams in that league regularly play two-game weekend series, which the researchers explain “presents a uniquely ripe environment for momentum to potentially occur.”

Because of student academic obligations during weekdays, NCAA Division 1 hockey programs tend to play their games on weekends – offering a temporal parity that ensures uniform times between games and reduces home-ice advantage factors.

Within the WCHA, uniquely, the home team hosts visitors for games that start on Friday and Saturday nights in the same arena, says Kniffin. “In other words, if you’d expect to see momentum occur from one game to the next, this would be the exact situation where it would occur.”

The study shows that winning the first game of a two-game series does not affect the probability of winning the second. Further, the researchers discovered that “running up the score” by winning the first game by a large margin, neither increases nor decreases the probability of winning the second game, when quality and talent are considered balanced.

Said Mihalek: “Lots of coaches preparing for two games in a weekend against different opponents will tend to focus more practice time on the first of the two opponents, partly because of the belief in momentum,” Mihalek noted. “The new paper shows no evidence of momentum across games within a weekend, and, instead, we suggest that teams focus on winning the first game of a weekend because it helps to ensure that they won’t end any given two-game set with a losing record.”

The study, “Within-Series Momentum in Hockey: No Returns for Running Up the Score,” will be published in the March 2014 print edition of Economics Letters.

Cornell University has television, ISDN and dedicated Skype/Google+ Hangout studios available for media interviews.